Financial services firm Stifel Financial (NYSE: SF) will be announcing earnings results this Wednesday before market open. Here’s what to look for.
Stifel beat analysts’ revenue expectations last quarter, reporting revenues of $1.56 billion, up 14.4% year on year. It was a strong quarter for the company, with a decent beat of analysts’ revenue and EPS estimates.
Is Stifel a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Stifel’s revenue to grow 15.2% year on year, improving from the 7.9% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Stifel rarely misses Wall Street’s revenue estimates.
Looking at Stifel’s peers in the investment banking & brokerage segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Morgan Stanley delivered year-on-year revenue growth of 16%, beating analysts’ expectations by 4%, and Goldman Sachs reported revenues up 14.4%, topping estimates by 1%. Morgan Stanley traded up 2.1% following the results while Goldman Sachs’s stock price was unchanged.
Read our full analysis of Morgan Stanley’s results here and Goldman Sachs’s results here.
There has been positive sentiment among investors in the investment banking & brokerage segment, with share prices up 12.4% on average over the last month. Stifel is up 13.1% during the same time and is heading into earnings with an average analyst price target of $88.25 (compared to the current share price of $81.67).
WHILE YOU’RE HERE: The Next Palantir? One satellite company captures images of every point on Earth. Every single day. The Pentagon wants it. Hedge funds are using it to beat earnings. You’ve probably never heard of it.
This is what the early days of Palantir looked like before it became a $437 billion giant. Same playbook. Different technology. If you missed Palantir, you need to see this. Claim The Stock Ticker for Free HERE.
